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Gold, it’s time to explore the bottom!

Wonderful introduction:

Youth is a nectar made with blood drops of will and sweat of hard work - it will last forever; youth is a rainbow woven with unfading hope and immortal yearning - it is brilliant and brilliant; youth is a copper wall built with eternal persistence and tenacity - it is impregnable.

Hello everyone, today XM Forex will bring you "[XM Forex Platform]: Gold, it’s time to find the bottom!". Hope this helps you! The original content is as follows:

In the past two days, I have done some things over and over again and experienced a lot.

Perhaps it’s because I haven’t done this for a long time, and I always find it difficult. This may be the same as many people feel when doing gold, which is very difficult.

But when it www.xmserving.comes to gold, we feel it is very simple. Maybe it’s because I do it every day.

When you do something over and over again every day, you will find a simple trick.

Maybe what I want to do is still on the way, and I haven’t found a suitable method at all.

Good morning, you in front of the screen were chatting with friends yesterday and said that something happened to you. In fact, if you turn it around, in that year of your life, did you not encounter anything? Especially after the age of 40, over a mountain, one way of living, slowly, everything can be passed, and nothing is a problem! Time flattens everything!

In terms of gold, it fell sharply yesterday, and the daily line followed a Yin and Yang line cycle.

Remember the two emphasized points:

1. Weekly line, weekly line, 2 negative corrections, this year's rise, the maximum correction is 2 negative, if you look at the rise since 2,000 US dollars, the maximum correction is 3 negative.

So for the current weekly line, according to the maximum correction of 2 negative, as long as there is a retracement this week, there will be an opportunity to go low and long, because the weekly line looks like a cycle - Bo Shuang Yang. In other words, the weekly closing price this week should be above 4,000. Today we will confirm the location near 3916!

2, cycle, last week morning it opened high and fell back.

This week, it fell and then rose, hitting the bottom and rising again. So you know what to do on Wednesday, first go short at 6-7 o'clock, or fall by a lot.

Have you done it? If it is empty, the position is 3945, I will only explain the originalBecause, look at the 5-minute early morning sideways high, which is an empty position between 6 and 8 o'clock.

At 11 o'clock, the price did not fall, and the morning market was basically over.

Remember the time mentioned in the formula: To determine the strength of the market in the morning, you usually enter the market at 6-8 o'clock. If you have not shown any performance by 11 o'clock, you will be out.

And today, it is not empty.

The sign of shock is the exchange of yin and yang lines. Don’t end up short today because of yesterday’s drop.

1. The first wave of decline yesterday morning was not very smooth.

2. The retracement continued in the afternoon, but the slight double bottom rebounded at 3964.

3. The European market bottomed out and rebounded. The price has been suppressed near the opening of the decline in the morning. It was also the rebound position of 382 after the previous day's decline.

In the midst of shocks, there is no need to gamble in this form.

4. The U.S. market quickly broke the bottom. Because of the large drop, the counter move must be short. Whether it is a top-to-bottom transition or a drop of 382 positions, it is a secondary short position.

It fell for the second time yesterday morning. According to the formula, 80% will continue to retreat on the second day.

1, plus the cycle of walking in these two days.

The first thing I saw this morning was the cycle. It continues to be empty on the upper card and long on the lower card.

2. The original position was 3915-17 Cardo, double bottom. The 3945 card was empty, and it went sideways in the early morning of 5 minutes.

3, but one position has not been reached, and the other has not performed well.

4. Remember one of the mantras: When betting on the morning market, you usually enter the market at 6-8 o'clock. If there is no performance at 11 o'clock, you will withdraw. In fact, after 10 o'clock, it was basically obvious that they had withdrawn.

How is the layout behind?

1. According to the shock, at least go to the 382 position, which is at 3958.

2, or the top-bottom transition position at 3965.

This is a lot of backhands, not recommended. In the morning, the card is bullish, and there is no need to chase after the shock.

If you wait empty, the top of the hourly Yin line coincides with the 382 position at the 3957-8 line. It can be done, but it’s best to try it in small orders. The stability is not strong enough.

3. The price opened at 3976 in the early morning, which is a must-have position.

4, near 3915 below, it is a must.

5, there is still a shock in the middle. 3957-8, 3965, can be operated, but you can control the profit yourself.

Finally, the 3957-8 line is the key resistance. The method to judge the resistance is very simple, which is the speed of retracement after hitting it.

If it resists the decline or stays above it 2-3 hours after it hits, it means that the rise will continue, and you need to adjust your position and exit.

If it is resistance, it will fall when it touches it.

Don’t go short during shock retracements. , this is what I want to emphasize today.

[The above opinions are for reference only.Capital investment is risky, please be cautious when entering the market]

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Gold, it’s time to explore the bottom!

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Trusted by over 15 Million Traders

The Most Awarded Brokerfor a Reason

Easy Access to 1,400+ Global Assets

XM Forex Trading Platform

CATEGORIES

News

market analysis

Gold, it’s time to explore the bottom!

Related News

The Most Awarded Broker
for a Reason